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As Indian startups prepare for public listings and the debate between growth and profitability heats up, Razorpay chief financial officer (CFO) Arpit Chug said profitability may be the buzzword of the past year, but growth remains the stronger driver of initial public offering (IPO) readiness.
“We are over-indexing in the last 12 to 15 months on the idea that if you have to go public, you have to be profitable. I’m not saying profitability is bad, but growth is actually more important,” Chug said during a panel discussion at the ET Soonicorns…
